Phenomenon: The Lost Archives: Monopoly Men (1998)
Season 1, Episode 8
10/10
very important movie
25 May 2009
More and more people are finding out about our money and how it is used to steal real assets, such as your house, and many companies. The trick works like this: when you borrow money from the bank, they just create it , on the idea that you are going to pay it back. If you don't pay it back, you loose your house. So to the bank, nothing becomes something. The house is a real asset and the check they wrote to you for buying the house is just paper. Sure things will be purchased with that money, but that has nothing to do with the original bank who wrote the check. It has to do with us as we are able to buy less and less with our paycheck due to inflation. that is why a car in 1970 that cost $5,000 dollars, cost $50,000 today, because the banks are creating money out of nothing. This is called fractional reserve banking. The bank is allowed to loan 90 of the amount of money it has deposited. ex: for every dollar it is allowed to create and loan 9 dollars. Neat scam is it not? also watch Money masters.
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